Hi all! So here is my dilemma. I am 31 years old and wanting to retire no later than 60, the earlier the better. Anyhow, I love cars! Turbo'd Subarus are my weakness. Technically I have 3 vehicles, one which my partner drives and is considered "hers" even though it is under my name.
Here's the list:
2009 Subaru WRX original loan $25,792. Owe $15,662 for 3 more years @ 3.49%/monthly $469 54k miles (I've been offered $14,000 by dealerships for purchase)
2008 VW GTI original loan $7900. Owe $5140 for 2 more years @4.09%/monthly $201
2004 Subaru Forester XT own out right, bought for $4500 although I put some work into it and could possibly sell for 9k according to local Subaru enthusiasts. 189k miles/rebuilt engine
Ok, so that is a break down of what I owe etc. I do not plan on getting rid of the VW although I wanted to give an accurate view of my car loans.
A little more about me. Even though cars are my weakness I feel as though I make up for my financial mistakes in other areas. I own 2 homes, one is a permanent rental and I make a positive of $375 a month from that, monthly mortgage is $830. The home I reside in, I rent out rooms and pay $550 on my mortgage of $1450.
I do not know if it is guilt on my mind, because I want to be financially fit and possibly retire young, or if I am actually doing "ok". I have played with the idea of selling one of my Subaru's and getting a cheaper Subaru less than 2k to use as my daily. Or should I get rid of both and get a cheaper Subaru? I live in Colorado so I prefer the AWD, I commute anywhere between 18-35 miles one way a day for work. All my cars use premium gas and synthetic oil because of turbo. Honestly the Forester XT was a spontaneous buy. I recently broke my ankle, and while sitting at home I decided to buy a fun car to fix up and make go fast, I know... bad decision.
My question is, do I sell one of the Subaru's? Do I get rid of them both? Do I keep them since I am doing "ok", since I have rentals? I look forward to all advice. Again, my goal is to retire young. 31 female needs your help please!?